General Discussion
In reply to the discussion: If you take home more than $250,000 a year, are you middle class? [View all]SoCalDem
(103,856 posts)Go back to the era when the middle class was :created".
A middle class life usually meant that the wife could stay home with the kids, and the family could afford to buy a house and at least one car, and could afford to take a vacation every year..and they could afford to save for college. The income-earner usually had a pension they could count on.
From there on, there were divisions within middle class..
Upper
Big house
Buick/Oldsmobile/Pontiac
Private college
vacations abroad
kids go to live-away summer camps
live in help..housekeeper/nanny
nice savings account
a vacation home somewhere nice
middle middle
just-big-enough house
Ford/Chevy/Studebaker
public college (kids had to work summers)
vacations to national parks/family living elsewhere
occasional housekeeper/babysitter
savings only for emergencies or a needed household item
a shared vacation cottage (shared with other family members)
kids go to day camp
lower middle
house busting at seams..kids share rooms
old car/no car
public college..kids work and try for scholarships
vacations every few years..to whatever's close-by ( or to family)
no household help
kids babysit each other, or they go along
little or no savings things are bought used or are hand-me-downs
kids play at home in the summer..maybe Bible school camps (they were cheap/free)
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To live that kind of life (you choose), it will always depend on where you are.
To have upper in San Francisco, Boston, New York, Chicago, etc, $250K might not do it
If you are in St Louis, or Wichita or Omaha, you could do it easily (except for the college part)
Throw in self-paid medical insurance to any of the choices and all bets are off..
"Back in the day", people could afford to get sick.,.,not now..